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Jan 17, 2013
01/13
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right now energy looks like it's gaining strength, and energy was one of the worst performing sectors of 2012. i really think that this is an area that deserves another look. my favorite name in energy is chevron, about to fill a vicious gap down from october. 115 a share. this thing is only half the size of exxon mobil, a higher dividend and a huge war chest of cash. this is the kind of stock that people selling bonds will go into first because it is a bond-like equity in terms of its yield characteristics and its relative safety and stability, so i like that name, and i like energy in general. >> we haven't forgotten about you, note-taker. michael fax how do you make money in this market? >> you continue to invest in those companies with solid balance sheets. i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where
right now energy looks like it's gaining strength, and energy was one of the worst performing sectors of 2012. i really think that this is an area that deserves another look. my favorite name in energy is chevron, about to fill a vicious gap down from october. 115 a share. this thing is only half the size of exxon mobil, a higher dividend and a huge war chest of cash. this is the kind of stock that people selling bonds will go into first because it is a bond-like equity in terms of its yield...
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Jan 18, 2013
01/13
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finally, the third of three master limited partnerships, suncoke energy, priced at $19, a little bit below, but you can see, guys, a fairly good week, fairly active week for ipos. >> thanks, bob. final stretch of the week. a pretty good week. 50 minutes before the closing bell sounds. dow jones industrial average still climbing, up 12 points on the session. >> the economy -- the stocks have been rallying as the economy improves, that's what's happening here, so the question inevitably becomes when does fed chairman bernanke finally have to be convinced that it's time to put the brakes on the economic stimulus? both sides that have issue coming up. >> a big debate on that one. then a document dump finally allowing investors an inside look at the fed's first response to the financial crisis. and put it this way. no one really comes out looking so great. we'll have the details and tell you what's in the documents. you're going to want to hear on them. >> oh, holy auto auction, batman. the original batmobile is hitting the auction block, the original adam west batmobile, and you will not
finally, the third of three master limited partnerships, suncoke energy, priced at $19, a little bit below, but you can see, guys, a fairly good week, fairly active week for ipos. >> thanks, bob. final stretch of the week. a pretty good week. 50 minutes before the closing bell sounds. dow jones industrial average still climbing, up 12 points on the session. >> the economy -- the stocks have been rallying as the economy improves, that's what's happening here, so the question...
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Jan 23, 2013
01/13
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both of those key to the energy trade in the session ahead. back to you. >> all right. sharon epperson minus an ear piece, apparently, but a good report. thank you very much. >> the winning streak for the equity markets just keeps on going. it's green across the board again for all three major averages in today's session. our own jeff cox points out this is the longest streak since 1990. a bull market with no correction. >> a 10% decline. >> right. >> pullback of some kind. >> jeff worries that the bears have given up, and that could mean soon that things go the other way, but does that -- our panel agree with that? joining us along with jeff our guests. jeff, all is bullish, as we've talked about this. you feel like we're getting a little too complacent about this as we get closer to all-time highs, right? >> yeah, bill. let me point out a couple of things. three things that have me concerned. we talk about this wall of worry in the markets and a wall of worry is a good thing for investors to climb over. means they are paying attention and not ignoring the bad news. wh
both of those key to the energy trade in the session ahead. back to you. >> all right. sharon epperson minus an ear piece, apparently, but a good report. thank you very much. >> the winning streak for the equity markets just keeps on going. it's green across the board again for all three major averages in today's session. our own jeff cox points out this is the longest streak since 1990. a bull market with no correction. >> a 10% decline. >> right. >> pullback of...
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Jan 21, 2013
01/13
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energy independence. david cid do, east/west petroleum corporation joins me in a fox business exclusive. he joins me from vancouver what he sees in oil production and what he sees next for the sector. i will kick it off, you say the state of california. why? >> hi, cheryl, thanks for having me on. i'm excited to be on and share my thoughts about the oil boom that is occurring in the united states. i'm the chairman after company called east/west petroleum. we invested in california just recently. i don't know if your listeners know of a company called oxy petroleum. cheryl: ox dental is one of the biggest energy companies in the world and they are based in california which makes it an interesting dichotomy, being an oil company in california but yes, go ahead. >> you know they were looking for about 20 million barrels of oil in 2008, 2009. they discovered a field that is, as the reserves right now in place of 150 million to 200 million barrels. so they found the largest discovery in 30 years in the united
energy independence. david cid do, east/west petroleum corporation joins me in a fox business exclusive. he joins me from vancouver what he sees in oil production and what he sees next for the sector. i will kick it off, you say the state of california. why? >> hi, cheryl, thanks for having me on. i'm excited to be on and share my thoughts about the oil boom that is occurring in the united states. i'm the chairman after company called east/west petroleum. we invested in california just...
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Jan 16, 2013
01/13
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>> one thing in our energy group, one of the pioneers in this group, going to the energy companies and also buying wells and oil in the ground so i would think about it ahead of our group who likes to say we're creating bonds in the ground so oil where you get a yield and inflation protection and growth. that's hard to match when you think about a tip security where you actually have to pay for the yield, so that's been a very exciting area. same thing in real estate. we've been doing a lot with the firm's balance sheet. one thing we try to eat what we're cooking and have almost a $7 billion balance sheet. ralph rosenberg who heads our real estate area very active with the firm's capital as well as partnering with clients to find some pretty interesting things, both in the u.s. as well as some things in europe. >> how much do you think is priced into the market when you look at housing and autos, these sort of economically sensitive areas that you think will do very well. >> yeah. >> in terms of driving stocks. >> i think we've had a big -- >> a lot of different asset classes. not pric
>> one thing in our energy group, one of the pioneers in this group, going to the energy companies and also buying wells and oil in the ground so i would think about it ahead of our group who likes to say we're creating bonds in the ground so oil where you get a yield and inflation protection and growth. that's hard to match when you think about a tip security where you actually have to pay for the yield, so that's been a very exciting area. same thing in real estate. we've been doing a...
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Jan 15, 2013
01/13
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i spoke with the former chairman of the federal energy regulatory commission. he says when it comes to the nation's electrical grid he says it's actually financed almost completely by private investment, not government investment, but the regulatory and permitting process means that it can take decades for new infrastructure to go from approval to actually getting built. maria? >> michelle, stay with us. we want to find out how to address this infrastructure issue. joining me right now is donna cooper, an advisers to the center for american progress and a former planning and policy secretary for the state of pennsylvania. good to sigh, donna. thanks for joining us. >> great to be here. >> so at a time when the country is in bad fiscal shape, no secrets here, where does the money come from for need infrastructure improvements? >> well, as the study just pointed out, you know, we have 1.1 trillion that we're short, but that's actually over 13 years, so we need to be spending about $130 billion more a year, and us a point out some of that is private money. it's no
i spoke with the former chairman of the federal energy regulatory commission. he says when it comes to the nation's electrical grid he says it's actually financed almost completely by private investment, not government investment, but the regulatory and permitting process means that it can take decades for new infrastructure to go from approval to actually getting built. maria? >> michelle, stay with us. we want to find out how to address this infrastructure issue. joining me right now is...
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Jan 15, 2013
01/13
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has the united states becoming one of the leading energy producers over the next several years. crude trading at $93. i think it's a sale. i think -- natural gas rally up 10% in the last week or something, and -- but i -- liz: elliot, you know, natural gas broke my heart. you break my heart over and over. >> get in line. liz: you think something happens, and it doesn't. >> natural gas is over priced, and watch that platinum-geld thing. platinum should be over gold. i don't know what they were saying with silver having industrial uses also, but not since photography we want to digital have i seen uses for silver, at least, you know, on the day-to-day thing, but i think energy's over priced and gold is coming back in line with that platinum thing. liz: the platinum is the go-to metal with jewelry. >> platinum, you know, they use gold in catalytic converters or something? liz: no, they use palladium. >> oh, palladium. okay. all i know is there's plenty of gold on the planet, no shortage of gold. liz: gary, we had a cad littic converter on the -- catalytic converter on set once. gre
has the united states becoming one of the leading energy producers over the next several years. crude trading at $93. i think it's a sale. i think -- natural gas rally up 10% in the last week or something, and -- but i -- liz: elliot, you know, natural gas broke my heart. you break my heart over and over. >> get in line. liz: you think something happens, and it doesn't. >> natural gas is over priced, and watch that platinum-geld thing. platinum should be over gold. i don't know what...
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Jan 18, 2013
01/13
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energy and industrial stocks all moving. back to you. >> thanks, bob. a lot more coming up on this jam-packed edition of the "closing bell." 80 companies will post earnings next week. despite the shorter week, a lot of them big-name technology companies. a panel of market pros will tell us how they expect this to drive the market and later, asleep at the wheel. the fed releasing transcripts from emergency meetings in 2007 as the crisis was just beginning, and, boy, did they miss the big picture. the story coming up. also ahead. holy car auction! the batmobile from the popular 1960s tv series hits the black this weekend. our robert frank on the lowdown with how high the bidding could go. which batmobile would you buy right now? we'll reveal the most popular coming up. i'd say you've got to go with adam west or michael keaton, my two favorites. what is your favorite? back in a moment. e >>> welcome back. another blockbuster week of earnings ahead. kayla tausche running through the roster to determine if the rally could continue. over to you, kayla. >> rep
energy and industrial stocks all moving. back to you. >> thanks, bob. a lot more coming up on this jam-packed edition of the "closing bell." 80 companies will post earnings next week. despite the shorter week, a lot of them big-name technology companies. a panel of market pros will tell us how they expect this to drive the market and later, asleep at the wheel. the fed releasing transcripts from emergency meetings in 2007 as the crisis was just beginning, and, boy, did they miss...